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The Elmet Group secures $2.45 billion in agreements with the Department of Defense to enhance tungsten supply chain.
Contract Type
agreement
PortlandManufacturingMiningPrecious MetalsDescription
The Elmet Group has finalized two agreements with the Department of Defense, totaling $2.45 billion. These agreements include a $2 billion contract to support the National Defense Stockpile and a $450 million investment in preferred stock to enhance mining capabilities.
Quick answer
The Elmet Group secures $2.45 billion in agreements with the Department of Defense to enhance tungsten supply chain. (September 16, 2026). Elmet Group is based in Portland, Maine, United States.
- What agreement did Elmet Group announce on September 16, 2026?
- The Elmet Group has finalized two agreements with the Department of Defense, totaling $2.45 billion. These agreements include a $2 billion contract to support the National Defense Stockpile and a $450 million investment in preferred stock to enhance mining capabilities.
- What does Elmet Group do?
- Elmet Group is a company specializing in tungsten and related materials.
- Where is Elmet Group based?
- Elmet Group is based in Portland, Maine, United States.
- Which similar companies announced agreements around the same time?
- Lifezone Metals (October 25, 2026), Canada Nickel Company (October 26, 2026), Aamal Company (October 21, 2026) and Bharat Coal Gasification and Chemicals Ltd (October 22, 2026) also announced agreements within 45 days of Elmet Group.
Source: Fundz verified event record.
Other recent agreements in Mining and Precious Metals
Contracts and agreements at companies in the same sectors within 45 days, from Fundz verified event records.
- Lifezone Metals Advances Partnership Negotiations with Orion CMC for Kabanga Nickel Project Investment. (October 25, 2026)
- Canada Nickel and Swiss Steel to establish a strategic partnership for steel supply. (October 26, 2026)
- Aamal Energy secures a five-year contract exceeding QR100m for procurement services. (October 21, 2026)
- Bharat Coal Gasification and Chemicals Ltd Commences ₹25,000 Crore Coal Gasification Project in Odisha. (October 22, 2026)
- Zijin Golden Ridge Limited partners with MIIF and Forestry Commission to restore Subri River Forest Reserve. (October 26, 2026)
- Toyota Tsusho and Cambodia Strengthen Partnership to Enhance Automotive Manufacturing and Skills Training. (October 26, 2026)
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